"This patent represents the foundation on which all LED lighting systems are being designed and built today," commented Brett Kingstone, Super Vision's President. "In our research of hundreds of patents and prior art applications, the Belliveau patent stood out as the earliest and most important patent in the field. We are grateful to Richard Belliveau's pioneering efforts and to High End for providing us with this opportunity. We look forward to cooperating with many of our colleagues in the manufacturing industry to make this process available to them as well."
Frank Gordon, Chief Executive Officer of High End System stated, "We have made excellent use of the Belliveau patent in the development of our entertainment lighting systems, however, we have always been aware of the broad scope and importance of this patent for the development of LED systems. Super Vision has expressed strong interest in developing LED applications utilizing this invention and we were pleased to support them with the understanding that they should also share this patent through fair licensing arrangements within the industry to help support free trade and continued growth in the field." Under the terms of the agreement, High End Systems will continue to have a license throughout the duration of the patent.
Mike Wood, Chief Technology Officer of High End Systems stated, "There is no doubt in our minds that this seminal patent is highly significant for color mixing lighting systems so we are delighted that Super Vision sees that importance. It is key to High End Systems that any of our patents are available to others for reasonable license and it is very clear that Super Vision shares that goal."
Richard Belliveau stated, "I am excited that an innovative company like Super Vision International has chosen to incorporate my inventions into their product range. The use of my technology coupled with Super Vision's advanced LED and Fiber Optic products seem the perfect match."
The Belliveau patent may be viewed at www.svision.com/svi-link.html and clicking on "High End Patent."
Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Reference is made to Super Vision's filings under the Securities Exchange Act for factors that could cause actual results to differ materially. Super Vision undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Readers are cautioned not to place undue reliance on these forward-looking statements.